Statistically speaking, early retirement has long been a man's dream. It is very difficult for a woman to achieve early retirement. To retire early, women literally need to be twice as good as men. We'll show why this is the case, exactly how bad is the gender gap, and offer three actionable choices women can take to increase their chances to achieve early retirement.
Why Early retirement for women is virtually impossible
Early retirement for women is statistically speaking twice as hard to achieve as it is for men. Here's why:
Women make less money. Women make on average 23% less than men for the same job.
Women's earnings growth plateaus sooner. Men's income peak at the age of 50 while women's peak at only 35. Can you believe it? Men have 15 more years to grow their earnings! … [Read more...]

This money assessment looks at whether you are in a financially healthy relationship by pointing out the red flags and signs of an unhealthy one. Love does cost a thing, and it can be a very expensive.
What does money have to do with love?
I know dozens of relationships and marriages that failed because the partners have fundamentally different views on money. These differences may seem cute at first but they often lead to ongoing fights and resentments. For those of us who are financially healthy and looking to retire early, our financial goal is not achievable unless we find a partner who is willing to make the same sacrifices and share the same core beliefs in personal finance.
We want to find a great partner in life. So look out for signs of financial responsibility because a … [Read more...]

Millennial women need a radical saving and wealth creation to close the salary gap and achieve early retirement. I have these tactics backed up by data.
Start a radical savings plan in your 20s
Many career-ambitious women in their 20s cannot imagine doing something as antiquated as giving up your career later in life. But data suggests that 40% of women take extended time off to take care of children, parents, or to pursue a new passion. Attitudes and priorities change when people get older. Raising children is costlier than ever. Some research even points a counterintuitive trend that high powered women are now leaving their career for scientifically sound reasons.
A 10-year break in a woman's career can cost her as much as $1.3 million in retirement savings. It does not help … [Read more...]

The best ways to find cheap flights today is using algorithms developed by the Hopper app and by an email subscription via Scott's Cheap Flights. Algorithms do the work and make your life easy. Stop wasting time searching endlessly for deals on the internet. Hopper and Scott's Cheap Flights have the best algorithms for cheap flights. Sit back and relax while the machine and its algorithms work tirelessly in the background. You will be alerted to buy at the perfect time for the perfect price.
I am obsessed with finding hidden and genuine deals. Nothing riles me up more than discovering that I overpaid or bought a deal that turned out to be a scam. I have searched places and tactics far and wide, and these two are the best at identifying cheap flight tickets. It is not a surprise that … [Read more...]

My learnings from setting a budget and tracking expenses reveal that stress impacts wallet. I want to not just save more money, but to also build a happy life. This is my experience and its lessons.
Choosing where to live
In October of 2015, my boyfriend and I moved in together and decided to combine our finances by setting a budget and tracking expenses. To chose where to live, we opted to rent instead of buy because we value convenience. However, houses near convenient areas are over-priced. While we have the cash to buy, we chose to invest in the stock market instead. Residing in a central area isn't cheap, but it means that neither one of us need to drive to work, thus allowing us to keep using our beat-up car.
We found a small one bedroom apartment for $2250 in an ideal location. … [Read more...]

What is an index fund and why is it better than an actively managed fund? An index fund is likely to outperform an actively managed fund 90% of the time. Plus, an index fund has reasonable expense ratios (fees), which makes a huge difference over time. For someone starting out, I'd advise you to choose an index fund over an actively managed mutual fund.
What is an index fund?
An index fund is a type of mutual fund constructed to track a part of the stock market. The word "index" refers to "passive investing." The fund does not pay anyone to pick stocks. Instead, the fund replicates the performance of an index like the S&P 500. Because automatically tracking stocks does not require ongoing maintenance or decision-making, an index fund is much cheaper, as reflected in the expense … [Read more...]